As per the report of Fortune Business Insights, the global network as a service market size was valued at USD 13.63 billion in 2022 and is projected to grow from USD 18.70 billion in 2023 to USD 155.17 billion by 2030, exhibiting a CAGR of 35.3% during the forecast period.
As per the report of Future Market Insights, the cloud-based backup service market size is projected to be at US$ 4,439.6 million in 2023 and is expected to rise to US$ 19,811.3 million by 2033. The sales of cloud-based backup services are expected to record a significant CAGR of 16.1% during the forecast period. Cloud backup is becoming more popular due to cheaper costs, massive amounts of data generated, higher efficacy than on-premises back up, and the expanding acceptance of SaaS. The industry is growing as new technologies and applications emerge, such as the Internet of things (IoT), Artificial Intelligence (AI), big data, and cloud computing.
The video analytics market is projected to witness substantial growth from 2023 to 2033 compared to the previous period of 2018 to 2022. As per the FMI analysis, the video analytics industry grew at a rate of 22.4% from 2018 to 2022, garnering revenue of US$ 2.73 billion in 2018. Whereas the market is anticipated to move ahead at 18.5% CAGR from 2023 to 2033, touching a significant market size of US$ 41.16 billion by 2033. The market outlook for 2023 to 2033 is swayed by factors such as advancements in artificial Intelligence (AI), machine learning and deep learning technologies.
The global Artificial Intelligence (AI) In Construction Market was valued at USD 594.6 Million in 2022 and is projected to value of USD 4909.7 Million by 2030 at CAGR (Compound Annual Growth Rate) of 35.2% between 2023 and 2030.
As per the report of Future Market Insights, the big data security market is projected to be valued at US$ 20,418.4 million in 2023 and is expected to rise to US$ 72,652.6 million by 2033. The sales of big data security are expected to record a significant CAGR of 13.5% during the forecast period. Ongoing developments, such as big data integration with networking and security, as well as the incorporation of machine learning and artificial intelligence are expected to propel the big data security market to new heights.
